Breakfast | US AI concept stocks soar, 22.2 billion funds heavily buy Hong Kong stocks
Overnight, the Nasdaq 100 index rose for three consecutive days. Tesla closed up 4.1% for three consecutive days. Nvidia's market value exceeded one trillion, and its stock price soared 180% this year. Most popular Chinese concept stocks fell, with Pinduoduo and NetEase falling more than 5%. Apple will officially launch its first global live broadcast on Tmall on tonight at 19:00. Berkshire Hathaway increased its holdings in Western Petroleum. The rumors about the new Tesla Model 3 have been updated. Traders use options to bet on the continued rise of big tech stocks.
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Market Overview
C3.ai rose more than 33.4%, leading a group of artificial intelligence (AI)/ChatGPT stocks.
The major US stock indexes rose and fell on the first trading day of the week, and the prospects for the US Congress to pass the debt ceiling bill in a timely manner are still uncertain. The tech-heavy Nasdaq 100 index rose 0.4% for the third consecutive day. Tesla rose 4.1% for the third consecutive day, closing at a new high since March 31. Nvidia's market value broke the trillion-dollar mark, and its stock price soared 180% this year.
Most popular Chinese concept stocks fell
The Nasdaq Golden Dragon China Index fell nearly 3%. Pinduoduo and NetEase fell more than 5%, Tencent Music fell more than 4%, Xiaopeng Motors fell 4%, NIO fell more than 3%, JD.com fell 3%, Alibaba fell more than 2%, Baidu fell nearly 2%, and Bilibili fell more than 1%.
Top Stocks
C3.ai's generative AI is now available on Amazon AWS
This will help speed up the company's procurement and personnel workflow, and customers can quickly access the AI expertise generated by C3.ai and AWS with just a few clicks.
Apple's official store in mainland China: 618 first global live broadcast
The Apple Store official flagship store released a preview, which will premiere on Tmall at 19:00 on May 31. This is also Apple's first global live broadcast on an e-commerce platform.
Tesla's major upgrade! Automatic driving hardware upgrade...selling for less than 200,000 About the rumors of the new Tesla, there are some updates.
- Qualcomm: Self-developed CPU "Oryon" commercial design will be shipped in 2024.
- MediaTek plans to launch its first 3nm automotive chip in 2024, with mass production as early as 2025.
- Twitter's valuation is only one-third of Tesla's acquisition price.
- Berkshire Hathaway bought 4.66 million shares of Western Petroleum again.
- STARPLUS LEGEND: The guidance range for the IPO price in Hong Kong is HKD 5.5-6.3 per share, and trading is expected to begin on June 13.
- Recently, mainland fund companies announced self-purchase of Hong Kong stocks ETF. Since the beginning of this year, funds have been buying Hong Kong stocks ETF as the market adjusts. The total share of Hong Kong stocks ETF has increased by more than 37% compared to the beginning of the year, and the net inflow of funds this year has reached CNY 22.297 billion. Moreover, the share of multiple ETFs has reached a historical high.
- Japanese stocks hit a 33-year high, and Wall Street calls for "more room for growth"! Under the blessing of "Stock God" Buffett, the Japanese stock market has been skyrocketing. Foreign investors are rushing in. From the beginning of the year to now, the Nikkei 225 index has accumulated a nearly 22% increase, and the TOPIX index has risen by more than 15%. Both have outperformed the S&P 500 index (9.97%) and are second only to the Nasdaq (31%) among major global stock indices.
Why is the US stock market so calm?
The S&P 500 index has had 36 days of ups and downs that are less than 1% in the past 46 trading days, setting the calmest period since December 2021.
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Traders go crazy buying call options after missing the rebound of technology stocks
The average increase of seven technology giants this year is 44%, which is almost five times the increase of the S&P 500 index. Traders are desperately trying to keep up with this trend. More and more traders choose to use derivatives to bet that big technology stocks will continue to rise. This strong demand has caused a surge in bullish bets every Friday, which in turn affects related stocks.
